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Farmland, Inflation, Stagflation and Real Rates

Veripath director Stephen Johnston in Global AgInvesting “Based on what can only be described as the massive growth of the global money supply in the last 12 months, the apparent willingness of central bankers to continue to backstop unprecedented fiscal deficits, and a large contraction in economic activity, it appears we have the raw materials for a period of high inflation, if not outright stagflation. Central bankers have been explicitly monetizing government funding shortfalls during the pandemic, something that was considered strictly taboo a few short years ago (even though it can easily be argued that this has been the indirect and intended effect of central bank activities for decades).”

Click for full article at Global Ag Investing